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S&P gives AAA to Crowley I.S.D. bonds, ups issuer rating
Standard & Poor's said it raised its issuer rating on Crowley Independent School District, Texas, to A+ from A based on the district's maintenance of strong reserves and assigned an AAA enhanced rating to the district's $80 million series 2008 unlimited-tax school building bonds.
The bonds are dated July 15, 2008 and are due Aug. 15, 2039.
The enhanced rating is based on the guarantee of the Texas Permanent School Fund.
S&P also affirmed the AAA rating on the district's outstanding parity debt, including the series 2007 bonds dated Aug. 1, 2007 and due Aug. 1, 2038.
The outlook is stable.
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